While marker participants and investors cautiously ignore banking crises and markets getting ready to move higher, Gas and Oil reserves dropped in the last two weeks, helping the energy prices to move higher. In the week ending March 24, according to the API report, US crude oil inventories decreased by 6.076 million barrels, compared with […]
This year, natural gas spot prices have declined more than 46%. The price decline driver was the warmer-than-expected winter across Europe and the United States. While our last week’s price prediction was about $3/MMBtu in February, with the current condition, reaching this price by the end of this month would be challenging. For the whole […]
An exciting year ended with concerns about the possible recession and energy demand outlook for the year ahead. Both Oil and Gas were on a roller coaster ride in the first months of 2022, especially after increasing tensions because of the Russian attack on Ukraine. Both Gas and Oil tested multi-year highs in 2022, but […]
As always, the leading price changer for every commodity is its demand. While most of the weather forecast was about the wave of cold winter, especially in the first days of 2023, the latest updates show that it is more like a cold wave before the heat than a permanent cold mass. At the same […]
Unlike the falling WTI price, natural gas prices still increasing and with the beginning of the cold season, it will be hard to expect a meaningful slowdown in the prices. And probably it can be the main reason why the Bundesbank is a vocal supporter of the European Central Bank’s efforts to curb inflation via […]
